20th May 2025 14:06
FORM 8.3 | |||||||
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY | |||||||
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR | |||||||
MORE | |||||||
Rule 8.3 of the Takeover Code (the "Code") | |||||||
1. | KEY INFORMATION | ||||||
(a) | Full name of discloser: | Barclays PLC. | |||||
(b) | Owner or controller of interest and short | ||||||
positions disclosed, if different from 1(a): | |||||||
(c) | Name of offeror/offeree in relation to whose | AVIVA PLC | |||||
relevant securities this form relates: | |||||||
(d) | If an exempt fund manager connected with an | ||||||
offeror/offeree, state this and specify identity of | |||||||
offeror/offeree: | |||||||
(e) | Date position held/dealing undertaken: | 19 May 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: | |||||
disclosures in respect of any other party to the offer? | DIRECT LINE INSURANCE GROUP PLC | ||||||
2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
to which the disclosure relates following the dealing(if any) | |||||||
Class of relevant security: | 32 17/19p ordinary | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) | Relevant securities owned | ||||||
and/or controlled: | 8,089,421 | 0.30% | 15,564,208 | 0.58% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 14,893,417 | 0.56% | 7,303,667 | 0.27% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 225,364 | 0.01% | |||
TOTAL: | 22,982,838 | 0.86% | 23,093,239 | 0.86% | |||
(b) | Rights to subscribe for new securities (including directors and other executive | ||||||
options) | |||||||
Class of relevant security in relation to | |||||||
which subscription right exists | |||||||
Details, including nature of the rights | |||||||
concerned and relevant percentages: | |||||||
3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | ||||||
Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security | securities | ||||||
32 17/19p ordinary | Purchase | 340,051 | 5.8740 GBP | ||||
32 17/19p ordinary | Purchase | 330,259 | 5.9180 GBP | ||||
32 17/19p ordinary | Purchase | 273,495 | 5.8788 GBP | ||||
32 17/19p ordinary | Purchase | 256,257 | 5.8657 GBP | ||||
32 17/19p ordinary | Purchase | 232,645 | 5.8842 GBP | ||||
32 17/19p ordinary | Purchase | 131,765 | 5.8857 GBP | ||||
32 17/19p ordinary | Purchase | 74,597 | 5.8909 GBP | ||||
32 17/19p ordinary | Purchase | 46,076 | 5.8948 GBP | ||||
32 17/19p ordinary | Purchase | 36,427 | 5.8946 GBP | ||||
32 17/19p ordinary | Purchase | 35,689 | 5.8969 GBP | ||||
32 17/19p ordinary | Purchase | 33,263 | 5.9118 GBP | ||||
32 17/19p ordinary | Purchase | 32,127 | 5.8958 GBP | ||||
32 17/19p ordinary | Purchase | 29,969 | 5.8950 GBP | ||||
32 17/19p ordinary | Purchase | 24,593 | 5.8861 GBP | ||||
32 17/19p ordinary | Purchase | 23,773 | 5.8858 GBP | ||||
32 17/19p ordinary | Purchase | 19,912 | 5.8884 GBP | ||||
32 17/19p ordinary | Purchase | 19,737 | 5.8881 GBP | ||||
32 17/19p ordinary | Purchase | 18,292 | 5.8904 GBP | ||||
32 17/19p ordinary | Purchase | 18,024 | 5.8849 GBP | ||||
32 17/19p ordinary | Purchase | 16,822 | 5.8979 GBP | ||||
32 17/19p ordinary | Purchase | 16,459 | 5.8876 GBP | ||||
32 17/19p ordinary | Purchase | 16,155 | 5.8894 GBP | ||||
32 17/19p ordinary | Purchase | 15,952 | 5.8875 GBP | ||||
32 17/19p ordinary | Purchase | 14,865 | 5.8877 GBP | ||||
ADR | Purchase | 14,780 | 15.8037 USD | ||||
32 17/19p ordinary | Purchase | 11,162 | 5.8818 GBP | ||||
32 17/19p ordinary | Purchase | 10,140 | 5.8866 GBP | ||||
32 17/19p ordinary | Purchase | 9,691 | 5.8823 GBP | ||||
32 17/19p ordinary | Purchase | 9,054 | 5.8953 GBP | ||||
32 17/19p ordinary | Purchase | 8,446 | 5.9030 GBP | ||||
32 17/19p ordinary | Purchase | 7,904 | 5.9012 GBP | ||||
32 17/19p ordinary | Purchase | 7,643 | 5.9005 GBP | ||||
32 17/19p ordinary | Purchase | 6,031 | 5.9017 GBP | ||||
32 17/19p ordinary | Purchase | 5,848 | 5.8685 GBP | ||||
32 17/19p ordinary | Purchase | 5,809 | 5.8923 GBP | ||||
32 17/19p ordinary | Purchase | 3,193 | 5.9014 GBP | ||||
32 17/19p ordinary | Purchase | 2,798 | 5.8975 GBP | ||||
32 17/19p ordinary | Purchase | 2,100 | 5.8815 GBP | ||||
32 17/19p ordinary | Purchase | 1,845 | 5.9060 GBP | ||||
32 17/19p ordinary | Purchase | 1,751 | 5.8848 GBP | ||||
32 17/19p ordinary | Purchase | 1,470 | 5.8930 GBP | ||||
32 17/19p ordinary | Purchase | 1,435 | 5.8931 GBP | ||||
32 17/19p ordinary | Purchase | 1,020 | 5.8760 GBP | ||||
32 17/19p ordinary | Purchase | 950 | 5.8908 GBP | ||||
32 17/19p ordinary | Purchase | 481 | 5.8870 GBP | ||||
32 17/19p ordinary | Purchase | 218 | 5.8920 GBP | ||||
ADR | Purchase | 140 | 15.9800 USD | ||||
32 17/19p ordinary | Purchase | 122 | 5.8794 GBP | ||||
32 17/19p ordinary | Purchase | 87 | 5.9090 GBP | ||||
32 17/19p ordinary | Purchase | 29 | 5.9100 GBP | ||||
32 17/19p ordinary | Purchase | 19 | 5.8860 GBP | ||||
32 17/19p ordinary | Sale | 745,530 | 5.9153 GBP | ||||
32 17/19p ordinary | Sale | 575,433 | 5.9179 GBP | ||||
32 17/19p ordinary | Sale | 187,738 | 5.8839 GBP | ||||
32 17/19p ordinary | Sale | 180,707 | 5.9180 GBP | ||||
32 17/19p ordinary | Sale | 170,231 | 5.8877 GBP | ||||
32 17/19p ordinary | Sale | 162,086 | 5.8865 GBP | ||||
32 17/19p ordinary | Sale | 88,890 | 5.8801 GBP | ||||
32 17/19p ordinary | Sale | 77,632 | 5.8856 GBP | ||||
32 17/19p ordinary | Sale | 60,918 | 5.8984 GBP | ||||
32 17/19p ordinary | Sale | 34,339 | 5.9127 GBP | ||||
32 17/19p ordinary | Sale | 32,469 | 5.8918 GBP | ||||
32 17/19p ordinary | Sale | 30,980 | 5.9015 GBP | ||||
32 17/19p ordinary | Sale | 29,315 | 5.9178 GBP | ||||
32 17/19p ordinary | Sale | 20,235 | 5.8779 GBP | ||||
32 17/19p ordinary | Sale | 18,503 | 5.8879 GBP | ||||
32 17/19p ordinary | Sale | 18,376 | 5.8793 GBP | ||||
32 17/19p ordinary | Sale | 18,059 | 5.8823 GBP | ||||
32 17/19p ordinary | Sale | 14,890 | 5.9006 GBP | ||||
ADR | Sale | 14,780 | 15.8037 USD | ||||
32 17/19p ordinary | Sale | 13,577 | 5.8887 GBP | ||||
32 17/19p ordinary | Sale | 11,784 | 5.9168 GBP | ||||
32 17/19p ordinary | Sale | 9,473 | 5.8817 GBP | ||||
32 17/19p ordinary | Sale | 7,981 | 5.8844 GBP | ||||
32 17/19p ordinary | Sale | 7,524 | 5.9171 GBP | ||||
32 17/19p ordinary | Sale | 7,049 | 5.8660 GBP | ||||
32 17/19p ordinary | Sale | 5,830 | 5.8834 GBP | ||||
32 17/19p ordinary | Sale | 5,200 | 5.8866 GBP | ||||
32 17/19p ordinary | Sale | 4,760 | 5.8835 GBP | ||||
32 17/19p ordinary | Sale | 4,244 | 5.9022 GBP | ||||
32 17/19p ordinary | Sale | 3,700 | 5.8906 GBP | ||||
32 17/19p ordinary | Sale | 3,340 | 5.8780 GBP | ||||
32 17/19p ordinary | Sale | 3,279 | 5.8925 GBP | ||||
32 17/19p ordinary | Sale | 2,280 | 5.9069 GBP | ||||
32 17/19p ordinary | Sale | 2,226 | 5.8819 GBP | ||||
32 17/19p ordinary | Sale | 1,948 | 5.9016 GBP | ||||
32 17/19p ordinary | Sale | 1,907 | 5.8954 GBP | ||||
32 17/19p ordinary | Sale | 1,435 | 5.8937 GBP | ||||
32 17/19p ordinary | Sale | 1,433 | 5.8860 GBP | ||||
32 17/19p ordinary | Sale | 1,152 | 5.8827 GBP | ||||
32 17/19p ordinary | Sale | 904 | 5.8930 GBP | ||||
32 17/19p ordinary | Sale | 860 | 5.8799 GBP | ||||
32 17/19p ordinary | Sale | 811 | 5.8831 GBP | ||||
32 17/19p ordinary | Sale | 796 | 5.8787 GBP | ||||
32 17/19p ordinary | Sale | 722 | 5.8900 GBP | ||||
32 17/19p ordinary | Sale | 470 | 5.9080 GBP | ||||
32 17/19p ordinary | Sale | 342 | 5.8744 GBP | ||||
32 17/19p ordinary | Sale | 342 | 5.8840 GBP | ||||
32 17/19p ordinary | Sale | 152 | 5.8778 GBP | ||||
ADR | Sale | 140 | 15.9800 USD | ||||
32 17/19p ordinary | Sale | 93 | 5.9177 GBP | ||||
32 17/19p ordinary | Sale | 7 | 5.8800 GBP | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
32 17/19p ordinary | SWAP | Increasing Long | 32,469 | 5.8918 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 16,155 | 5.8894 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 99,270 | 5.8686 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 96,641 | 5.8719 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 152 | 5.8778 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 20,235 | 5.8779 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 9,130 | 5.8793 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 88,890 | 5.8801 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,369 | 5.8808 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,226 | 5.8819 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 11,239 | 5.8826 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,152 | 5.8827 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 77,632 | 5.8856 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 170,231 | 5.8877 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 5,700 | 5.8879 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 904 | 5.8930 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 6,981 | 5.8980 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 30,980 | 5.9015 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,948 | 5.9016 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 9,634 | 5.9022 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,519 | 5.9045 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,280 | 5.9069 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 289,867 | 5.9140 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 11,784 | 5.9168 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 7,524 | 5.9171 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 180,609 | 5.9173 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 108,433 | 5.9177 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 29,315 | 5.9178 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 575,433 | 5.9179 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 127,455 | 5.9180 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 256,257 | 5.8657 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 524 | 5.8684 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 66,045 | 5.8713 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 340,051 | 5.8740 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 273,495 | 5.8788 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 3,509 | 5.8853 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 597 | 5.8856 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 7,901 | 5.8866 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 10,041 | 5.8870 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 550 | 5.8872 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 13,519 | 5.8875 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 5,868 | 5.8887 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 218 | 5.8920 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 36,427 | 5.8946 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 46,076 | 5.8948 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 20,214 | 5.8956 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 35,689 | 5.8969 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 8,667 | 5.8992 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 69 | 5.9144 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 185 | 5.9148 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 276,888 | 5.9180 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,500 | 5.8897 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 7,049 | 5.8659 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 4,229 | 5.8733 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 19,694 | 5.8838 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 4,146 | 5.8856 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 46,972 | 5.9174 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 3,033 | 5.9175 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 7,877 | 5.8824 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 64,383 | 5.8934 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 17,504 | 5.9034 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | date | money | |
relevant | selling, | securities | per unit | paid/ | |||
security | varying etc | to which | received | ||||
option | per unit | ||||||
relates | |||||||
(ii) | Exercising | ||||||
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | securities | unit | |||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | applicable) | ||||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements | ||||||
Details of any indemnity or option arrangement, or any agreement or understanding, | |||||||
formal or informal, relating to relevant securities which may be an inducement to deal | |||||||
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party | |||||||
to the offer or any person acting in concert with a party to the offer: | |||||||
NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives | ||||||
Details of any agreement, arrangement or understanding, formal or informal, between | |||||||
the person making the disclosure and any other person relating to: | |||||||
(i) the voting rights of any relevant securities under any option; or | |||||||
(ii) the voting rights of future acquisition or disposal of any relevant securities to which | |||||||
any derivative is referenced: | |||||||
NONE | |||||||
(c) | Attachments | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 20 May 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO | |||||||
PURCHASE OR SELL ETC. | |||||||
Note 5(i) on Rule 8 of the Takeover Code (the "Code") | |||||||
1. | KEY INFORMATION | ||||||
Identity of the person whose positions/dealings | Barclays PLC. | ||||||
are being disclosed: | |||||||
Name of offeror/offeree in relation to whose | AVIVA PLC | ||||||
relevant securities this from relates: | |||||||
2. | OPTIONS AND DERIVATIVES | ||||||
Class of relevant security | Product description | Writing, purchasing, selling, varying etc | Number of securities to which option relates | Exercise price per unit | Type | Expiry date | |
32 17/19p ordinary | Call Options | Written | -120,786 | 5.3305 | European | 06-Jun-2026 | |
32 17/19p ordinary | Call Options | Written | -104,578 | 5.3176 | European | 05-Jun-2026 | |
3. | AGREEMENTS TO PURCHASE OR SELL ETC. | ||||||
Full details should be given so that the nature of the interest or position can be fully understood: | |||||||
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